I have rented a few homes in the past with great success, but I decided last year that my next big rental purchase would be multi family apartments, with that being said I feel that this is somewhat of an exception to that rule for me.

However your situation is similar to the same question i am dealing with except you are dealing with the one of the other exemptions to non qualified use time listed:https://www.irs.gov/publications/p17/ch15.htmlhttps://www.irs.gov/pub/irs-pdf/p523.pdfMy Situation:1) Bought house Primary residence on 10/1/2008 in VA and moved in right away.2) Took new job assignment (assumed to be temporary for 2 years) within company 6/1/2010 requiring move to Hawaii.

I guess I could wait until 2018 when we will not be making any money (except for during my internship) and sell it then.  

They also have no real plans for the sales money except to just put it in the stock market or something.

.- for the above 3 scenarios payments must be current with no 30 day lates in the past 12 months or 60 day lates in the past 24 months (on the current mortgage or "other," credit too)What is interesting is the above only applies to 1 unit properties because 2-4 unit properties its the same as the above except the requirement is 35% equity or 65% LTV (same).

While there are exceptions to this rule, I would try to find out if the lawyer owns his or her own title company.

Their response was a small tax reduction on the provincial portion of all commercial property instead of a significant reduction in residential rental property {despite owners of commercial property supporting the latter}.The population of the Maritime provinces is about the same as that of Montréal, so naturally commodity and food prices are greater (the possible exception being seafood ;-)) as per unit transportation costs are higher.In Fredericton we are split between student rentals and those for everyone else (mostly young professionals).  

They are acting as an agent without the laws, ethics requirements, education, and insurance that are vital IMO.

The only exception to this rule IMO is if you don't plan on keeping it very long (months) and you live in a state like NJ where title insurance is absolutely ridiculous.

They came fully assembled with an exception to the lazy susan.